Equity Partnership Structures

[David Ferrette]

Knowing that Operating Agreements in an LLC can be different, what are ways to structure your distributions/equity to each equity partner if the partners put up cash only but I am putting up cash and time. For instance, if I put up $50k and I find three others to put up $50k each to buy a multi-unit, but if I found the property, I fixed the property up and I am the property manager, would I take a lump sum fee up front or would I take a monthly fee for all the effort I put in (or both)? Or is there some other arrangement that makes more sense? This would be a long term buy and hold scenario.